Banks are charged with a tough regime of spotting and managing bank-wide risks
By Ian Manocha, CEO of Gresham Computing
It’s been widely acknowledged by the banks subject
to Basel Committee on Banking Supervision 239 that the
timescale for compliance has been too short. While some are
hoping that evidence of action will be enough to satisfy the
regulator, others are taking a quick fix approach to compliance
– ticking the boxes to achieve their own tick in the
But with the regulation’s intention to kick-start
an industry-wide shift towards data integrity and improved
stability for the financial system as a whole, will 'good
enough for compliance’ ever really be 'good
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